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Brown Urges U.K. Banks to Pass on Rate Cuts as Three Hold Out - Bloomberg
Dec. 5 (Bloomberg) -- Prime Minister Gordon Brown stepped up pressure on British banks to give consumers the full benefit of a reduction in interest rates as three lenders resisted growing demands from politicians to do so. Halifax , the Royal Bank ...

Homeowners to get two-year mortgage interest 'holiday' if their income ... - Daily Mail
Homeowners will be spared the threat of repossession under a new government-backed scheme to guarantee mortgages, Gordon Brown announced this afternoon. Under a deal agreed with Britain's eight major lenders, who cover 70 per cent of all mortgages ...

QUEEN'S SPEECH: Homeowners to get two-year mortgage interest holiday ... - Daily Mail
Homeowners will be spared the threat of repossession under a new government-backed scheme to guarantee mortgages, Gordon Brown announced this afternoon. Under a deal agreed with Britain's eight major lenders, who cover 70 per cent of all mortgages ...

Behind the retail glitter, recession is real - Kansas City Star
At the stores, it looks like any holiday shopping season. Halls in Crown Center is decked out in wreaths and ribbon, and its dress racks send the message that, somewhere out there, people are partying in style. Costco is lit up with oversized ...

Nov 30 - Dec 06 (178) - Andrewsullivan.theatlantic.com
[W]hat about a grand bargain? In return for not having a vote in Congress, how about abolishing the federal income tax for DC residents? I suspect there are many who'd be all in favour of that. And of course such a move would do more to repopulate ...

HK shares pare gains; local developers weigh - Forbes
HONG KONG, Dec 4 (Reuters) - Hong Kong shares pared gains on Thursday as investors dumped local developers after banks raised their mortgage rates, while financial stocks rose in response to China's planned measures to further boost liquidity. The ...

'Green' builder sees great market - Birmingham News
For Huntsville builder Mark Harris, seeing homes rise from the ground in Midtowne on the Park beckons back to another era. One might not expect to find bungalow-style homes tucked between West Side Centre and Cummings Research Park, but the ...

HK shares pare gains, investors dump developers - South China Morning Post
Hong Kong shares pared gains on Thursday as investors dumped local developers after banks raised their mortgage rates, while financial stocks rose in response to mainland’s planned measures to further boost liquidity. The benchmark Hang Seng Index ...

Forex: The Return to Risk Aversion - Seekingalpha.com
When I left you last Wednesday, I thought that we could be on the cusp of a "change" in the currencies, as the trading theme that had held a tight grip on them since July was thrown to the side for a couple of days… But I doubt "that" has happened ...

Who were the original $1-a-year men? - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Ford's CEO says he will work for $1 a year if ...